国外存款定价改革对金融体系的影响分析

The Impact of Deposit Pricing Reform on the Financial System in Foreign Country

利率市场化带来的利益在理论上和实践中均已获得广泛认同。但金融危机史一再显示利率特别是存款利率的完全放开会加大金融部门的风险,引发经济波动,增加金融危机发生的概率。因此,在我国银行业集中度较高、居民储蓄偏好较大的特殊背景下,利率放开后存款定价是否合理将关系到我国利率市场化改革的最终成败。本文在理清利率市场化与金融危机内在联系的基础上,研究国外存款定价改革对金融体系的影响并分析国外商业银行如何应对存款定价改革。

It is widely recognized not only in theory but also in practice that interest rate liberalization will bring benefit. But the financial crisis history always indicates that complete liberalization of the interest rate especially the deposit interest rate would increase the risk of financial sector, cause economic fluctuation and increase the probability of the financial crisis occurrence. Therefore, under our special background that the high concentration of banking in- dustry and high household saving preference, whether the deposit pricing is reasonable is quite important. This article first clarifies the internal relation of the interest rate liberalization and the financial crisis, then analyzes the impact of deposit pricing reform on the financial system in foreign country and investigates how the foreign commercial banks reply to the reform.